Any property with excessive equity is a liability.

I thought (and could be wrong) with a Traditional IRA you didn't get the tax write-off on the excess contribution, but no penalty.

@Greg V.LOSS PROVISIONSNew Limitations on “Excess Business Loss”In general, the passive loss rules under Code Sec. 469Reg. § 1.469-5Code Sec. 469 provides a limitation on excess farm losses that applies to taxpayers other than C corporations.

It may even benefit by selling its excess to the others.  

By answering them in the open forums it brings more value back to myself via the public exposure.

Without getting into excessive crime stats, lets just acknowledge the fact there was a murder on 500 Richwood two days ago.

From my exploration on LLC with a partner, be aware that there are outside and inside liabilities.Few examples of bad things: A partner or you, say, can faces a huge lawsuit loss and judgment against his assets includes LLC  All debt belong to both of you, if one takes a huge debt without your awareness , it will be in name of both of us  I am also looking into how to limit such exposure, maybe it is all about operating agreement at this point.Wish you both good luck, hope it will work well.

., you payLandlord License / Inspections / Fees / Code Enforcement: If anyProperty TaxesLandlord InsuranceAlso contributing to ROI: Appreciation/Depreciation and Turnover Expenses in excess of Security Deposit

If you buy right now there is no reason to care if the market adjusts if.....you have positive cash flow and enough properties.I would not want to be holding 1, 2, 3 SFHs and relying on appreciation or worse having excessive equity lying dead in the properties.

I think it is fair and certainly allowable but $3000 to hold a fence hostage seems excessive.